Brexit has not had a major impact in the housing market, according to analysts. Many home owners say their plans to buy and sell their homes has not been affected by Brexit. Only Scots where feeling down saying it will affect home prices as they think that home values will come down in the next year. The opposite is happening in London neighborhoods as prices have risen in the past few months. This has had an impact on home owners trying to sell their properties, they have had to reduce prices in order to get offers on the homes and get sold. With all this it is clear that Brexit has not had an impact on the optimism of homeowners and home buyers as they continue to have confidence in the market and have not changed their future plans.
Key Takeaways:
- More than 80 for every penny of Brits said Brexit has had no effect on their arrangements to purchase or offer their property, as per a Clydesdale and Yorkshire Banks review, distributed on Thursday.
- Scots were the most downbeat about the future estimation of their homes, with twice the same number of trusting costs would fall.
- The South East had the best standpoint, with 66% suspecting that the estimation of their homes will increment in the following 12 months.
“Brexit has not dented British homeowners’ and buyers’ confidence in the housing market despite fears that the decision to leave the EU would cause prices to collapse.”